The PRC and the EU have reached a consensus on the issue of duties on Chinese electric vehicles

The Ministry of Commerce of China announced some progress made during the negotiations between the PRC and The European Union on the issue of duties on Chinese electric vehicles. This is reported by TASS.

As specified in the department, the joint group of the PRC and The meeting of the European Union on the elaboration of technical issues was held on November 2-7 in There were five meetings in Beijing during which an "in-depth exchange of views" on price commitments took place.

It is reported that the parties agreed to continue the dialogue, taking into account the program presented by the Chinese Chamber of Commerce on the import and export of machine-building and electronic products. In particular, contacts will be maintained via video link. It is assumed that this will allow Beijing and Brussels should strengthen mutual trust and reach consensus, as well as eliminate differences in order to avoid increasing trade friction.

July 4th The EU imposed duties ranging from 17.4% to 37.6% on electric vehicles from China. According to the European Commission, they were applied based on the results of an investigation into countering "illegal subsidies" that lasted 9 months. The EU's highest executive authority clarified that consultations with China on this topic have "intensified in recent months," and the European side expects to reach a settlement in accordance with the norms of the World Trade Organization. On October 29, the EC approved the introduction of appropriate tariffs at the level of up to 35.3%, which will be in effect for five years.